Tick the situations in which a partnership firm comes to an end

A and B are partners in partnership firm without any agreement. A has given a loan of ₹ 50000 to the firm. At the end of the year, loss was incurrred in the business. following interest may be paid to A by the firm.

A and B are partners in a firm , they are entitled to interest on their capitals but the net profit was not sufficient for this interest, then the net profit will be distributed among partners in :

A and B are partners. B withdraws a fixed amount at the END of every MONTH. IOD is charged at 15%p.a. At the end of the year, interest on B's Drawings amounts to rs 1650. Drawings of B were:

which of the following items can not be recorded in the P & L appropriation a/c

A & B are partners, their firm charges interest on drawing @10%. Be draws 1000 at the beginning of every month. what will be Average period for which IOD will be calculated

which of the following are shown on the debit side of current account ( u can tick more than one option)

what is the journal entry for creating Reserve ?

A& B are partners in a firm. A's Caoital is ₹70,000 & B's Capital is ₹50,000. Firm's profit is ₹60,000. A's share in profit will be:

According to Profit & Loss Account, the net profit for the year is ₹ 1,50,000. The total interest on partner's capital is ₹18,000 and interest on partner's drawings is ₹2,000. The net profit as per Profit & Loss Appropriation Account will be:

A, B & C are partners in the ratio of 5:3:2. Before B's salary of ₹17,000, firm's profit is ₹ 97,000. How much in total B will receive from the firm?

Vikas is a partner in a firm. His drawings during the year ended 31st March 2019 were ₹30,000. If interest on drawings is charged @9% p.a the interest charged will be

X, Y & Z are partners in the ratio of 4:3:2. Salary to X ₹15,000 and to Z ₹ 3,000 omitted and profits distributed. For rectification, now X will be credited:

X, Y & Z are partners in the ratio of 5:4:3. X has given to Z a guarantee of minimum ₹ 10,000 profit. For the year ending 31st March, 2019, Firm's profit is ₹ 28,800. X's share in profit will be :

P, Q & R are partners in 3:2:1. R is guaranteed that his share of profit will not be less than ₹70,000. Any deficiency will be borne by P & Q in the ratio of 2:1. Firm's profit was ₹ 2,40,000. Share of P will be:

X and Y are partners in the ratio of 3:2. Their capitals are ₹ 2,00,000 and ₹ 1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm incurred a loss of ₹ 60,000 for the year ended 31st March, 2019. Interest on Capital will be:

If any loan is given by the partner then, balance of such loan Account should be transferred to

By virtue of Section 464 of the Companies Act, 2013 the Central Government is empowered to prescribe maximum number of partners in a firm but the number of partners cannot be more than ___________.

Ram and Mohan are childhood friends. Ram is a consultant whereas Mohan is an architect. They contributed equal amounts and purchased a building for Rs. 2 crores. After a year, they sold it for Rs. 3 crores and shared the equally. Are they doing the business in partnership?

A and B are partner’s sharing profit equally. A draw regularly Rs. 4,000 at the end of every month for 6 months. Year ended on 30thSeptember 2018, calculate interest on drawings @ rate 5% p.a.

A and B were partners in a firm sharing profits and losses equally.with effect from 1st April 2019 they decided to share profits in the ratio 4 :3. Due to change in profit sharing ratio B's gain or sacrifice will be:

X ,Y and z are partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decided to share future profits and losses in the ratio of 3:2:1. Each partners gain or sacrifice due to change in the ratio will be:

A and B were partners in the firm sharing profits or losses in the ratio of 3: 5. with effect from 1st April 2019 they decided to share profits or losses equally. Due to change in profit sharing ratio, A's gain or sacrifice will be:

When Goodwill is not purchased Goodwill account can :

A, B and C are partners sharing profits in the ratio of4:3:2 decided to share profits equally. Goodwill of the firm is valued at rupees 10800. In adjusting entry for goodwill:

Out of the following which is not a part of the change in profit sharing ratio

Revaluation account is a _____________account.

Any change in the relationship of existing partners which result in an end of the existing agreement and enforces making of a new agreement is called:

Assets which physically exist but not shown in the balance sheet are__________.

Investment Fluctuation Reserve Rs. 1,80,000, Investment Rs. (Book Value) 4,00,000 & Market value Rs.4,20,000 with what Amount A will be credited. If their are three Partners Sharing Profit & Losses 2:2:1. Now From 1st April 2020 wants to change to 3:2:1.